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A small volume reduction that melts down the market : auctions with endogenous rationing
Ehrhart, Karl-Martin; Hanke, Ann-Katrin; Ott, Marion - 2020
Auctions with endogenous rationing have been introduced to stimulate competition. Such (procurement) auctions reduce the volume put out to tender when competition is low. This paper finds a strong negative effect of endogenous rationing on participation when bid-preparation is costly,...
Persistent link: https://www.econbiz.de/10012195628
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The role of emission disclosure for the low-carbon transition
Frankovic, Ivan; Kolb, Benedikt - 2023
We show the importance of emission disclosure for climate policies in a DSGE model for the euro area. A low-carbon energy and a fossil energy sector contribute to production and are financed by balance-sheet constrained intermediaries. The underestimation of emissions from fossil energy firms...
Persistent link: https://www.econbiz.de/10014467912
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How to increase public support for carbon pricing
Woerner, Andrej; Imai, Taisuke; Pace, Davide Domenico; … - 2023
The public acceptability of a carbon price depends on how the revenues from carbon pricing are used. In a fully incentivised experiment with a large representative sample of the German population, we compare five different revenue recycling schemes and show that support for a carbon price is...
Persistent link: https://www.econbiz.de/10014476769
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Cross-game learning and cognitive ability in auctions
Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2022
cognitive skills. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction …
Persistent link: https://www.econbiz.de/10014476711
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Risk, reward and uncertainty in buyer-seller transactions : the seller's view on combining posted prices and auctions
Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2023
In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …
Persistent link: https://www.econbiz.de/10014477420
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On the emissions-inequality trade-off in energy taxation : evidence on the German car fuel tax
Nikodinoska, Dragana; Schröder, Carsten - 2015
By using estimates from an Almost Ideal Demand System (AIDS), we investigate how the German energy tax on car fuels changes the private households-CO2 emissions, living standards, and post-tax income distribution. Our results show that the tax implies a trade-off between the aim to reduce...
Persistent link: https://www.econbiz.de/10010483410
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Procuring survival
Cappelletti, Matilde; Giuffrida, Leonardo M. - 2021
Public spending (i.e., “G”) enables governments to fulfill their fiscal policies. This paper takes a micro perspective and quantifies the impact of procurement spending - a specific component of G - on firm survival. We find that firms that receive public contracts survive longer, ceteris...
Persistent link: https://www.econbiz.de/10012672144
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Anchored strategic reasoning
Ivanova-Stenzel, Radosveta; Seres, Gyula - 2022
Anchoring is a robust behavioral phenomenon modeled predominantly as a bias in individual judgment. We propose a game-theoretic model that considers players’ beliefs about others’ behavior as a mediator for the effect of the anchor on a player’s choice. The results establish that anchoring...
Persistent link: https://www.econbiz.de/10013191577
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Signalling in auctions : experimental evidence
Bos, Olivier; Gomez-Martinez, Francisco; Onderstal, Sander - 2021
We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the … all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour …-bid auction in which the bidders’ payments are revealed outperforms the other mechanisms in terms of revenue, while this mechanism …
Persistent link: https://www.econbiz.de/10012500904
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Split-award auctions and supply disruptions
Fugger, Nicolas; Laitenberger, Ulrich - 2020 - This version: December 21, 2020
that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In … contrast, we investigate the influence of the auction design on the post-auction market structure and identify an effect …
Persistent link: https://www.econbiz.de/10012388963